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Oil & Gas and Mining News

Cenovus encouraged by talks with Carney government but says regulatory hurdles remain

Cenovus encouraged by talks with Carney government but says regulatory hurdles remain

Cenovus Energy Inc.
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TC Energy positioning to capitalize on rising natural gas demand

TC Energy positioning to capitalize on rising natural gas demand

TC Energy Corp. says it sees rising demand for natural gas pipelines in the future as it reported an increase in second-quarter profit from a year earlier, despite a complex macroeconomic backdrop.
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Precision Drilling boosts capital spending as outlook improves

Precision Drilling boosts capital spending as outlook improves

CALGARY — Precision Drilling Corp. says the outlook for its business is improving enough for it to reverse cuts to its capital spending program it had made amid economic uncertainty earlier this year — and further increase it.
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'Canada will win' race to bring LNG to Asian markets, B.C. Premier David Eby says

'Canada will win' race to bring LNG to Asian markets, B.C. Premier David Eby says

KITAMAAT VILLAGE — British Columbia Premier David Eby says Canadian values will help the country "win this race" to deliver liquefied natural gas to Asian markets, even as U.S.
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Oil prices help S&P/TSX composite close higher on Tuesday, U.S. markets fall

Oil prices help S&P/TSX composite close higher on Tuesday, U.S. markets fall

TORONTO — Canada's main stock index finished higher to cap off trading on Tuesday, benefiting from a rise in oil prices, while U.S. markets moved lower. The S&P/TSX composite index closed up 134.46 points at 27,539.88.
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Cenovus floated as potential competing bidder for hostile takeover target MEG Energy

Cenovus floated as potential competing bidder for hostile takeover target MEG Energy

CALGARY — Oilsands giant Cenovus Energy Corp. has been cited by industry watchers as one of the potential competing bidders for MEG Energy Corp., which has spurned an unsolicited offer from Strathcona Resources Ltd.
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Pembina reaches settlement on Alliance pipeline fees and revenue sharing

Pembina reaches settlement on Alliance pipeline fees and revenue sharing

CALGARY — Pembina Pipeline Corp. says it has reached a settlement with shippers on fees and revenue sharing for its Alliance pipeline.
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Whitecap expects production to come in at high end of forecast range after Veren deal

Whitecap expects production to come in at high end of forecast range after Veren deal

CALGARY — Whitecap Resources Inc. says it's made good progress toward integrating the people and assets it acquired through its combination with Veren Inc. this spring.
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Whitecap, fresh off Veren deal, reports higher production in Q2

Whitecap, fresh off Veren deal, reports higher production in Q2

CALGARY — Whitecap Resources Inc., fresh off its $15-billion combination with Veren Inc., has reported higher revenues and oil and gas production in its latest quarterly results. The Calgary-based oil and gas producer says net income was $310.
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Carney says getting best possible deal with U.S. more important than Aug. 1 deadline

Carney says getting best possible deal with U.S. more important than Aug. 1 deadline

HUNTSVILLE, ONTARIO, CANADA — Prime Minister Mark Carney and the country's premiers downplayed the importance of a looming Aug. 1 deadline in trade talks with the U.S. on Tuesday, saying the objective is to get the best possible deal for Canadians.
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